Elliott Wave View Looking for Zigzag Correction in GBPJPY

In focus today Today we get the US April Jobs Report which will round off the interesting week it has been in markets. We expect non-farm payrolls growth to cool to +200k, as immigration-driven uptick in labour supply continues to boost employment in lower-paying services sectors, but April PMIs suggested that elsewhere demand for labour […]

Nonfarm payrolls and Powell’s testimony will be crucial for US dollar European Central Bank could set the stage for summer rate cuts Bank of Canada decision and UK budget announcement also in focus Dollar braces for US payrolls  Riding high on a wave of US economic resilience, the dollar is currently the best-performing major currency […]

EUR/USD treads water near 1.0920 to retrace its recent losses. Traders may wait for confirmation as MACD indicates a potential shift to a downward trend for the pair. A break below 1.0900 could lead the pair to approach the 50-day EMA at 1.0878 and 38.2% Fibonacci retracement at 1.0867. EUR/USD attempts to retrace its recent […]